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I don't know why the author keep talking about world economy while the only examples he presents are U.S. only: mortgage crisis, debt fuelled spending, etc. In
by cliveowen 13y ago
I don't know why the author keep talking about world economy while the only examples he presents are U.S. only: mortgage crisis, debt fuelled spending, etc. In Europe there wasn't nothing like that and yet Europeans have been hit hardest by the recession.
- rythie 13y agoWe've got all that in the U.K.
- cliveowen 13y agoFine, U.S. and U.K., my point still sticks.
- tanzam75 13y ago> I don't know why the author keep talking about world economy while the only examples he presents are U.S. only: mortgage crisis, debt fuelled spending, etc. In Europe there wasn't nothing like that and yet Europeans have been hit hardest by the recession. Look at the countries that got hit hardest in Europe. Spain had a larger housing bubble than even the US. Ireland also had a housing bubble. Greece went on a massive debt-fueled spending binge.